Good morning everyone, I have been busy lately and haven't updated my thoughts for a long time. This morning, the price of Bitcoin formed a breakout pattern; is it a bearish reversal? Or is it building a bottom to break through higher?

From the four-hour perspective, the price has dropped sharply, falling back to the previous low point, forming a double bottom pattern. If this position does not break, a significant rebound is expected. Currently, I am more optimistic about a pullback to go long.

On the daily chart, the candlestick has fallen below the mid-band and is about to extend towards the lower band. However, there is not enough bottom space, so once it falls to the support level, we can directly enter to go long. For today, I suggest a pullback in the 62800-62400 area to gradually go long, targeting the 65200 mark.

Follow our public account, how to solve worries, only with Jiang Wei, a treasure analysis blogger with high emotional value, sharing trading teaching for free, bringing stable power and clear guidance in the restless trading market, navigating through three rounds of bull and bear markets with years of practical trading experience, specializing in naked charts, trends, Dow theory, Gann, harmonics, Chen theory, wave theory, and other technical analysis, consolidating into personal unique insights.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。